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I never set foot in a bank. I only do my "banking" at credit unions where I am never charged a fee for any services. Interest and other rates are comparable or better than banks, and service is way better, as credit unions are member owned and they are federally insured. When I have a credit card dispute or very occasional error on something, it never takes more than 1 phone call to straighten things out. You do have to belong to a group of some sort to belong to a credit union, but often that group is a broad as living in a certain county, or having a religious or employment affiliation.
By Linda from Vista, CA
There are banks, and then there are credit unions. What are these credit unions, and how can they benefit bankers? It's worth the time to take a look at what they have to offer and invest a little money into a credit union as well.
Another minor inconvenience of the credit union is the request to withdraw money. Large withdraws often take longer to process, and the limit of cash withdraws at the window are often lower than those of typical banks.
Don't bank at banks. Bank at credit unions whenever possible. When you join a credit union you are a member and the free services abound.
As many of 5% of credit unions in the US are not insured by the National Credit Union Administration (NCUA). Make sure your credit union is one of the 95% that are insured. Then you will have the same degree of protection as federally insured banks.